DERRYLORAN PARISH CHURCH, COOKSfowN CHURCH OF IRELAND STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Receipts Donations and legacies Charitable activities Other trading activities Investment Income Other 161142 12164 8(KJO 16845 850 22567 183709 12164 8000 16845 850 188722 13960 8000 16180 3242 Total Receipts 199QX)I 22567 221568 230104 Payments Raising funds Charita ble activities Investment costs Other 1593 141878 1593 155757 1449 195018 13879 100062 Total Payments 143471 13879 157350 296529 Net receipts / (payments) Transfers between funds 55530 {228821 8688 22882 64218 {664251 Net movement in funds Funds brought forward 32648 197629 31570 {82520) 64218 115109 (66425} 181534 Funds carried forward li 230277 (50950) 179327 115109
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 197629 32648 182520) 31570 115109 64218 181534 {664251 Bank and Cash at end of year 230277 {50950) 179327 115109 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 98527 131666 84 98527 147817 84 30235 203264 69 16151 246428 233568 Other Assets Fixed Assets- Note 10 Church Premises Fixtures, Fittings & Equipment Vehicles Liabilities Loans Ulster Bank Loan Account Other 67101 118459 179327 115109
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation is less than £250,000 the congregation have elected in accordance with the provisions in The Charvties (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion: the income derived from the endowment is to be used either as restricted or unrestricted income fund5 depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (al income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Recorded giving= Loose collections Donations and gifts Gift Aid Legacies and bequest 116756 2901 11648 26555 3282 22567 139323 2901 11648 26555 3282 143894 2392 15387 27049 161142 22567 183709 188722
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants & VAT Refunds 9115 4(X) 2649 9115 4ChJ 2649 6268 4(YJ 6092 1200 12164 12164 13960 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Rental Income Sale of Property 8CH)O 8000 8000 8000 8000 INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit interest Income from Endowments & Invest. Rental Properties Other investment income 296 8149 296 8149 8400 150 7630 8400 16845 16845 16180
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restrirted Funds Total 2024 Total 2023 Magazines Heat & Light Contribution Other income 218 2750 274 700 150 700 150 850 850 3242 RAISING FUNDS Unrestricted Funds Restricted Funds Total 2024 Total 2023 FWO envelopes 1593 1593 1449 1593 1593 1449 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Diocesan Assessments Ministry and support staff costs Congregational running expenses Donations to Missions and charities 80507 11816 49555 80507 11816 58514 4920 121841 11267 57028 4882 8959 4920 141878 13879 155757 195018
DERRYLORAN PARISH CHURCH, COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Total 2024 Total 2023 Rental properties expenses Church & Buildings Renovation Expenses 100062 ICIJ062 10. FIXED ASSETS The congregation owns the Church premises Situated at Church Street, Cookstown, BT80 8LB and the associated fixtures, fittings, plant and machinery.
DERRYLORAN PARISH CHURCH. COOKSTOWN CHURCH OF IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 11. FUND BALANCES Fund Balance at start Receipts Payment Surplus / (Deficit) Transfer Balance at end Unrestrirted Funds No. l Account Affiliated Organisation 183200 14429 193346 5655 140188 3283 53158 2372 {211441 {1738) 215214 15063 197629 199001 143471 55530 122882) 230277 Restricted Funds No. l Account- Mi55ions/Charities Building Fund 4920 8959 149201 13608 4920 17962 (82520) 22567 1509501 (825201 22567 13879 8688 22882 1509501 Total 115109 221568 157350 64218 179327